United States v. Mississippi Chemical Corp.’s Empirical Analysis
1972
Citation profile
48 federal appellate · 3 district ·
How this case has been cited
Cited by 164 later decisions (7 by the Supreme Court) — most recently April 2009 · most notably Indopco, Inc. v. Commissioner (1992), Memphis Bank & Trust Co. v. Garner (1983)
48 federal appellate · 3 district ·
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Appellate journey
reviewedMississippi Chemical Corp. v. United States (from Fifth Circuit Court of Appeals)
Relationships
Applies 12 U.S.C. § 1134 · 12 U.S.C. § 1141J (Agricultural Marketing Act) · 12 U.S.C. § 1151 · 12 U.S.C. § 640A · 12 U.S.C. § 641 · 26 U.S.C. § 1221 · 26 U.S.C. § 163 · 26 U.S.C. § 263 (Interest Equalization Tax Act)
Relies on Old Colony Co v. Commissioner of Internal Revenue · Frost v. Corporation Commission · Allied Chemical & Alkali Workers v. Pittsburgh Plate Glass Co. · Commissioner of Internal Revenue v. Lincoln Savings and Loan Association
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 164 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“Since the security is of value in more than one taxable year, it is a capital asset within the meaning of Sec. 1221 of the Internal Revenue Code, and its cost is nondeductible.”
5 later decisions quote this exact passage · from the majority““It must be remembered, however, that the stock was intentionally given these characteristics by a Congress with definite goals in mind. The legislative history of the Farm Credit Act of 1955 indicates that Congress placed much of the blame for the Bank’s inability to repay the capital extended by the Government and to retain private capital to the provision on the 1933 legislation which permitted borrowers to redeem their stock for cash upon paying off their loans. The restrictions on redemption and transferability and the dividend prohibition were designed to obviate this difficulty and to provide both a stable membership and permanent capital, two necessities for the success of any cooperative venture.”-”
3 later decisions quote this exact passage · from the majority“the amount [the debtor] contracted to pay for the use of borrowed money.”
2 later decisions quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.